Thanasiri Group Balance Sheet Health
Financial Health criteria checks 3/6
Thanasiri Group has a total shareholder equity of THB558.5M and total debt of THB657.1M, which brings its debt-to-equity ratio to 117.6%. Its total assets and total liabilities are THB1.4B and THB858.4M respectively. Thanasiri Group's EBIT is THB39.6M making its interest coverage ratio 4.5. It has cash and short-term investments of THB9.7M.
Key information
117.6%
Debt to equity ratio
฿657.10m
Debt
Interest coverage ratio | 4.5x |
Cash | ฿9.74m |
Equity | ฿558.54m |
Total liabilities | ฿858.42m |
Total assets | ฿1.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THANA's short term assets (THB1.1B) exceed its short term liabilities (THB722.8M).
Long Term Liabilities: THANA's short term assets (THB1.1B) exceed its long term liabilities (THB135.6M).
Debt to Equity History and Analysis
Debt Level: THANA's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: THANA's debt to equity ratio has increased from 79.6% to 117.6% over the past 5 years.
Debt Coverage: THANA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THANA's interest payments on its debt are well covered by EBIT (4.5x coverage).